Litigation

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Chase Bank Agrees To Pay $100 Million To Settle Interest Rate Increase Claims
Posted on 24 Jul 2012 by Michael J. Lello

SAN FRANCISCO - (Mealey's) Chase Bank USA NA on July 23 agreed to pay $100 million to settle claims that it increased interest rates on loan balances that were transferred to consumers' credit cards after it allegedly promised them a fixed rate... Read More

Government Sues 3 Biggest Credit Cards, Settles With 2
Posted on 5 Oct 2010 by LexisNexis Litigation Resource Community Staff

WASHINGTON, D.C. - (AP) The Justice Department on Monday sued the three largest U.S. credit card companies for anticompetitive practices and reached a proposed settlement with two of them, MasterCard and Visa. "We want to put more money in consumers'... Read More